260 jobs saved at Shuropody in pre-pack administration deal
Over 260 jobs have been saved at Shuropody after it was sold in a pre-pack administration deal.
The shoe and podiatry retailer entered administration on 7 December and was immediately acquired by a subsidiary of Baaj Capital, a special situations investor which holds a number of other retail investments.
The news also means that all of the retailer’s 39 UK stores will remain open and continue to trade.
Gareth Harris, joint administrator and restructuring partner at RSM, said: “It is unfortunate that Shuropody has had to go through an administration process, but the legacy of the last couple of Covid years is still proving challenging to navigate for many businesses, including this one.
“Given the current economic climate the high street is seeing many retailers struggle so it is particularly pleasing to help save this business, and ensure employees will be paid as we run into the Christmas period.”
